BAYTEX ENERGY CORP. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.01 CAD | +1.01% |
|
+6.14% | +14.38% |
| May. 21 | Baytex's Equity Value "Has Plenty of Running Room," RBC Capital Markets Says | MT |
| May. 13 | Baytex Energy Price Target Lowered to $6.50 at RBC | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,044 | 387.2 | 2,206 | 3,318 | 3,610 | 4,093 | - | - |
| Enterprise Value (EV) 1 | 2,886 | 2,180 | 3,594 | 4,250 | 5,982 | 6,224 | 5,651 | 6,206 |
| P/E ratio | -93.5 x | -0.16 x | 1.39 x | 4 x | -13.3 x | 13.1 x | 7.76 x | -33.4 x |
| Yield | - | - | - | - | - | 1.81% | 1.8% | 1.8% |
| Capitalization / Revenue | 0.58 x | 0.4 x | 1.18 x | 1.15 x | 1.07 x | 1.07 x | 1.02 x | 1.31 x |
| EV / Revenue | 1.6 x | 2.24 x | 1.92 x | 1.47 x | 1.77 x | 1.62 x | 1.41 x | 1.99 x |
| EV / EBITDA | 2.93 x | 5.46 x | 4.26 x | 2.26 x | 8.65 x | 2.99 x | 2.72 x | 4.18 x |
| EV / FCF | 10.4 x | 30.9 x | 9.06 x | 6.55 x | 25 x | 9.58 x | 6.69 x | - |
| FCF Yield | 9.65% | 3.23% | 11% | 15.3% | 4.01% | 10.4% | 15% | - |
| Price to Book | 0.35 x | 0.67 x | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 558,233 | 561,163 | 564,213 | 545,725 | 824,268 | 817,062 | - | - |
| Reference price 2 | 1.870 | 0.6900 | 3.910 | 6.080 | 4.380 | 5.010 | 5.010 | 5.010 |
| Announcement Date | 3/4/20 | 2/24/21 | 2/24/22 | 2/23/23 | 2/28/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,806 | 975.5 | 1,868 | 2,889 | 3,383 | 3,834 | 4,005 | 3,121 |
| EBITDA 1 | 984.3 | 399.5 | 843 | 1,883 | 691.1 | 2,083 | 2,077 | 1,484 |
| EBIT 1 | 252.6 | -86.87 | - | 1,296 | -356.8 | 440 | 537.6 | 80.7 |
| Operating Margin | 13.99% | -8.91% | - | 44.85% | -10.55% | 11.48% | 13.42% | 2.59% |
| Earnings before Tax (EBT) 1 | -78.92 | -2,599 | 1,695 | 890.9 | -516.6 | 412.4 | 535 | -88.8 |
| Net income 1 | -12.46 | -2,439 | 1,614 | 855.6 | -233.4 | 295 | 404.9 | -111.1 |
| Net margin | -0.69% | -250.03% | 86.37% | 29.62% | -6.9% | 7.69% | 10.11% | -3.56% |
| EPS 2 | -0.0200 | -4.350 | 2.820 | 1.520 | -0.3300 | 0.3833 | 0.6460 | -0.1500 |
| Free Cash Flow 1 | 278.4 | 70.48 | 396.6 | 648.8 | 239.6 | 649.5 | 845.1 | - |
| FCF margin | 15.42% | 7.22% | 21.23% | 22.46% | 7.08% | 16.94% | 21.1% | - |
| FCF Conversion (EBITDA) | 28.29% | 17.64% | 47.05% | 34.46% | 34.67% | 31.18% | 40.69% | - |
| FCF Conversion (Net income) | - | - | 24.58% | 75.83% | - | 220.17% | 208.72% | - |
| Dividend per Share 2 | - | - | - | - | - | 0.0904 | 0.0904 | 0.0900 |
| Announcement Date | 3/4/20 | 2/24/21 | 2/24/22 | 2/23/23 | 2/28/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | 649 | 555.3 | 598.8 | 1,163 | 1,066 | 984.2 | 938 | 965.9 | 965.1 | - | - |
| EBITDA 1 | 237.7 | 303.6 | 370.8 | 219.2 | 610.8 | 252.5 | 241 | 552.5 | -354.8 | 400.9 | 497 | 524 | 521 | - | - |
| EBIT 1 | - | - | - | - | 451 | 86.46 | 64.85 | 232.7 | -740.8 | 56.72 | 143.8 | 167.5 | 163.2 | - | - |
| Operating Margin | - | - | - | - | 69.49% | 15.57% | 10.83% | 20.01% | -69.53% | 5.76% | 15.33% | 17.34% | 16.91% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | 394.3 | 68.08 | 36.59 | 176.2 | -797.5 | 3.438 | 95.6 | 120.6 | 117.2 | - | - |
| Net income 1 | - | - | - | - | 352.8 | 51.44 | 213.6 | 127.4 | -625.8 | -14.04 | 73.2 | 92.2 | 89.7 | - | - |
| Net margin | - | - | - | - | 54.36% | 9.26% | 35.67% | 10.96% | -58.73% | -1.43% | 7.8% | 9.55% | 9.29% | - | - |
| EPS 2 | - | 0.1000 | 0.3200 | 0.4700 | 0.6400 | 0.0900 | 0.3600 | 0.1500 | -0.7500 | -0.0200 | 0.0900 | 0.1100 | 0.1100 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | 0.0225 | 0.0228 | 0.0231 | 0.0234 | 0.0232 | - |
| Announcement Date | 2/24/22 | 4/28/22 | 7/27/22 | 11/3/22 | 2/23/23 | 5/4/23 | 7/27/23 | 11/2/23 | 2/28/24 | 5/9/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,842 | 1,793 | 1,387 | 932 | 2,371 | 2,131 | 1,558 | 2,113 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.871 x | 4.488 x | 1.646 x | 0.4948 x | 3.431 x | 1.023 x | 0.75 x | 1.424 x |
| Free Cash Flow 1 | 278 | 70.5 | 397 | 649 | 240 | 650 | 845 | - |
| ROE (net income / shareholders' equity) | -0.42% | -138% | 116% | 32.6% | - | 8.7% | 10.7% | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | 5.290 | 1.030 | - | - | - | - | - | - |
| Cash Flow per Share 2 | 1.620 | 0.5600 | 1.300 | 2.070 | 2.260 | 2.440 | 2.630 | 2.210 |
| Capex 1 | 557 | 283 | 316 | 524 | 1,056 | 1,268 | 1,300 | 1,338 |
| Capex / Sales | 30.82% | 28.97% | 16.9% | 18.14% | 31.22% | 33.07% | 32.45% | 42.86% |
| Announcement Date | 3/4/20 | 2/24/21 | 2/24/22 | 2/23/23 | 2/28/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
5.01
CAD
Average target price
6.523
CAD
Spread / Average Target
+30.19%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +14.38% | 3B | |
| +8.86% | 299B | |
| +0.34% | 136B | |
| +60.77% | 131B | |
| +20.61% | 81.97B | |
| +2.98% | 71.58B | |
| +4.67% | 55.41B | |
| +6.90% | 47.32B | |
| +28.49% | 35.54B | |
| -10.82% | 34.92B |
- Stock Market
- Equities
- BTE Stock
- Financials Baytex Energy Corp.
